Oct 11, 2012 3:00am PDT
the city's $300 million budget deficit without raising taxes and fees this year. in his annual budget speech, emanuel took aim at chicago's pensions, warning that without reform, the city could raise property taxes in the future by as much as 150%. that is tough news. >> that is tough sledding. in "the wall street journal," the deaths of four americans on the attack on the consulate in benghazi sparked political fighting during hearings on capitol hill yesterday. security officials charged with protecting the compound testified that requests to keep an american military team in libya were denied. and that protection was cut in the weeks leading up to the deadly assault. >> we were fighting a losing battle. we couldn't even keep what we had. we were not even allowed to keep what we had. >> it was abundantly clear, we were not going to get resources until the aftermath of an incident. >> this story is going to just grow. and it's looking very, very bad for the administration and the decisions that were made to cut security there. state department officials have said that keeping the tea
Oct 12, 2012 3:00am PDT
small businesses, doubled their income taxes this year, we'd still have a $300 billion deficit. you see, there aren't enough rich people and small businesses to tax to pay for all their spending. and so the next time you hear them say don't worry about it, we'll get a few wealthy people to pay their fair share, watch out, middle class. the tax bill is coming to you. >> so al. >> good exchange. >> what do you think, mika? >> no, al, go ahead. >> you laughed at that line. a lot of people thought that was a strong line. >> okay. it was ridiculous. >> it was ridiculous. >> what was ridiculous about it, mika? >> both sides are being ridiculous on this one because neither one of these people are going to balance the budget. this is the biggest failure in the campaign on both sides. >> amen. >> is that neither side has made any significant attempt to balance the budget. and what ryan and romney are calling is outrageously stupid. what the president is doing is inadequate. >> okay. al? >> good description. nothing partisan about that description. you know, al, the governor brings up a point. i'
Oct 9, 2012 3:00am PDT
the national deficit. now, everybody can obsess on his 87 -- and obsess on what he said during the primaries. but that sent a message to me, jim vandehei. >> of the philosophy. >> that that philosophy, a moderate philosophy, a conservative with a small "c" philosophy, that i'm not going to be a crazy ideologue, i'm not going to slash first and ask questions later. i'm mindful that we live in a global -- on a global stage. where investors are scared to death that the u.s. is going to sink deeper in debt. he's striking, though, he's striking the right tone for me. i know he's striking the right tone now for a lot of americans. i don't think you can overstate the importance of that new tone. >> well, and if he were to win, and i still think it's a big if, he would have a lot of flexibility, i think, to do what you were talking about three or four minutes ago on the show, which is do a global deal that's positions the united states to really sort of take advantage of this global slowdown. we have a piece up today where we have jamie dimon, other people on the record saying, you know what? we wil
Oct 8, 2012 3:00am PDT
have. i heard mitt romney say, talking about, again, i won't pass a tax cut that raises the deficit. that sounds pretty much like the romney doctrine to me. that's what i took away from that debate. and they can have that debate if they want to, but, again, i think a lot of people are listening for the first time. and if mitt romney did move to the center, well, i think that's probably pretty good general election strategy. >> and did he answer any questions about how he would do all this? and what loophole he would cut? how he would reduce the deficit? by when? did anyone ask? >> i mean, there's two components to his tax reform plan. one is a huge tax cut, which is going to add up to $5 trillion. and the other is to pay for it. so he's been explicit about one part, which is the tax cut. he hasn't been detailed about the last part. but obama never pressed him on this. that's your point. these are 90-minute forums, they're highly intense. >> you just did it, mika, so why couldn't he? >> that's what i'm wondering. >> everybody out there, democrats were yelling at the camera. >> becaus